https://cbi.iq/news/view/528
His Excellency the Governor of the Central Bank of Iraq, Ali Mohsen Ismail, preside a financial and banking delegation to the Kingdom of Saudi Arabia upon the invitation of the Saudi Arabian Monetary Authority.The delegation will discuss the prospects of cooperation between the two countries, especially regarding the development of banking relations between Riyadh and Baghdad and the creation of investment opportunities between the two countries.
the pace quickens
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The Federal Foreign Office of Germany has generously donated EUR 30 million (USD 34.8 million) to the Iraq Humanitarian Fund (IHF), a pooled fund led by the Humanitarian Coordinator and managed by OCHA.
“We are deeply grateful to the German Government and the German people for this very generous contribution,” said the Humanitarian Coordinator for Iraq, Ms. Lise Grande (pictured).
The German Government has already channelled USD 10.9 million to the IHF, bringing Germany’s total contribution for the year to the pooled fund to USD 45.7 million.
“The pooled fund is the backbone of the humanitarian operation in Iraq,” said Ms. Grande. “More than 125 projects targeting 4.2 million Iraqis in nine governorates have received funding through the IHF in 2017 alone.”
“The military campaign against ISIL is over, but the humanitarian crisis is not,” said Ms. Grande.
“More than 3.3 million Iraqis are displaced–hundreds of thousands are living in camps and improvised shelters. They need help.”
The IHF has provided more than USD 70 million to front-line partners in support the Mosul humanitarian operation. In October 2017, USD 14 million was allocated for the Hawiga operation. “Millions of Iraqis have suffered terribly,” said Ms. Grande.
“Our top priority now is to help ensure that people who need help receive it. In the months ahead we will be working closely with the Government so that people are able to return to their homes safely, voluntarily and in dignity.’
(Source: OCHA)
Source: Iraq-BusinessNews.com.
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By John Lee.
Iraq has been ranked 168th out of 190 countries in the World Bank‘s recent Doing Business 2018 report, down from 165th place the previous year.
Despite the fall in the rankings, the report notes that over the previous year Iraq simplified the process of starting a business by combining multiple registration procedures and reducing the time to register a company, and it launched a new credit registry, improving access to credit information.
Top of the list were New Zealand,*Singapore and Denmark, with last place going to Somalia, just behind Eritrea and Venezuela. Iran ranked 124th, with Libya 185th.
Doing Business measures regulations affecting 11 areas of the life of a business. Ten of these areas are included in this year’s ranking on the ease of doing business: starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts and resolving insolvency. Doing Business also measures labor market regulation, which is not included in this year’s ranking.
(Source: World Bank)
Source: Iraq-BusinessNews.com.
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By John Lee.
Private investors from Iraq and Turkey have reportedly held preliminary negotiations with Iran to expand and modernize its fuel stations.
According to a report from Petrol Plaza, there are 3,600 fuel stations and 2,400 compressed natural gas (CNG) stations in Iran which need renovation and investment.
To date, more than 250 state-controlled fuel stations have been privatized in the country.
(Source: Petrol Plaza)
(Picture credit: Asadi S)
Source: Iraq-BusinessNews.com.
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By Ahmed Mousa Jiyad.
Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News.
Reforming and Transforming SOMOThis analysis was presented via Skype Conference to the management and staff of Iraq’s State Oil Marketing Organization (SOMO) on 12th December 2017:
Please click here to download the presentation.
Mr Jiyad is an independent development consultant, scholar and Associate with the former Centre for Global Energy Studies (CGES), London. He was formerly a senior economist with the Iraq National Oil Company and Iraq’s Ministry of Oil, Chief Expert for the Council of Ministers, Director at the Ministry of Trade, and International Specialist with UN organizations in Uganda, Sudan and Jordan. He is now based in Norway (Email: mou-jiya(at)online.no, Skype ID: Ahmed Mousa Jiyad). Read more of Mr Jiyad’s biography here.
Source: Iraq-BusinessNews.com.
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KRG Prime Minister Nechirvan Barzani inaugurated the new building of Kurdistan Institute of Public Administration (KIPA) on Tuesday.
In a speech, Prime Minister Barzani stated, he hopes that KIPA “will continue to work diligently to provide the much needed services of building the capacities of Kurdistan Regional Government’s civil servants.”
Below is the transcript of Mr. Barzani’s speech:
Ladies and Gentlemen,
Good Morning.* I would like to welcome you all to this ceremony of inaugurating the new building of Kurdistan Institute of Public Administration (KIPA). I would like to specially welcome the Republic of Korea’s Ambassador to Iraq Mr. Song Wong-Yeob, Korean Consul General in the Kurdistan Region and the Head of Korea International Cooperation Agency (KOICA) in Baghdad. I especially welcome Professor Park who came from Seoul specifically to this occasion and I welcome you all again.
Today, human resources’ development is important for change and progress in all sectors and major fields, especially in the fields of governance and administration. Capacity building and Development is key to the development of Administrative, economic, social and cultural sectors.
Competency and capacity are very important for human resources. One of the main pillars of human resources’ development is training. That is equipping the staff member with up-to-date information and more knowledge about their field of work. Information and knowledge get updated continuously. In order to enable the KRG institutions and their staff to cope with the progress in all fields, especially good governance, the KRG should make training and capacity building part of its human resources development strategy.
Therefore, all technical, material and moral necessities should be made available for this purpose and all parties and individuals should be urged to adhere to implement the directives and instructions related to capacity building and training. And this is, again, for the purpose of developing the civil service in administrative, technical and theoretical areas based on modern principles.
Source: Iraq-BusinessNews.com.
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Perhaps time was needed for not-so-secret combinations to position the 9 trillion USD "lost" from the FED...possibly first buried in those foreign currency reserves sent to all the Central Banks by Bush and then fast forwarded..like, on steroids to friendly players by O-bla-bla?
Now that it's all been laundered into clean, crisp new dinar, the swamp rats can bring this latest and probably largest ever single heist to a conclusion and make Earth-changing, astronomical profits.
9 Trillion USD buys ?X? dinar...multiplied by an RV (not lop) and the big boys can finally let the Dollar, the USA and 90% of her people crash and burn. While the carnage ensues, they will be free and clear of it, sitting poolside in some Dubai high-rise owning the world's most stable new currency (ALL of it) from money they stole from us 'fair & square' because we didn't stop them.
As the dust settles, they can come back to clean up the mess in America (costing chump change), convert the survivors into obedient (read unarmed) slaves or soilant green and start the whole game over again.
....I think it's time for my medication..ahhhhhh, nice..zzzzzzz